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MONEY MANAGEMENT

Voya Investment Management names new CEO as former leader heads to Jennison

Christine Hurtsellers
Christine Hurtsellers

Christine Hurtsellers was named CEO of Voya Investment Management, said spokesman Kristopher Kagel. Effective Sept. 1, she replaces Jeffrey Becker, who left to take on the CEO role at Jennison Associates, effective Oct. 3.

Mr. Becker replaces Mehdi Mahmud, who left in March to become president and CEO of First Eagle Investment Management, said Judith Flynn, spokeswoman for Jennison parent company PGIM.

Ms. Hurtsellers will join Voya Financial's executive committee and report to Alain Karaoglan, Voya Financial's chief operating officer and CEO of retirement and investment solutions.

Ms. Hurtsellers was chief investment officer of fixed income for Voya. She is being replaced by Matt Toms, the company's head of public fixed income.

There are currently no changes to the portfolio management responsibilities among the firm's fixed-income team.

Voya Investment Management had $203 billion in assets under management as of June 30.

Executive recruiting firm Prince Houston Group assisted Jennison with the search. Jennison has $175 billion in AUM.